Revealing the REAL brutal truth behind the Silvergate crash ⚠️ crypto warning!

In this video we investigate the Truth behind the California Crypto Bank Silvergate Crash. The crypto market could face more serious problems amongst a barrage of Controversy over the Silvergate Bankruptcy. Silvergate bank was founded in 1988. CEO, Alan Lane, moved Silvergate in the direction of Crypto currency in 2016 following advice from Barry Silbert, Founder and CEO of Digital currency group (the largest company in crypto currency). By 2017 Silvergate had onboarded over 250 crypto companies and already had plans for their own network to exchange fiat and crypto currencies.
SEN, the Silver gate exchange network was launched enabling users with 24 hour 7 days a week banking for crypto. Backers provided liquidity and were able to make instant transactions.
SEN access was used by the largest companies in Crypto including Coinbase , Kraken, Circle and Gemini. Silvergate IPO was launched in 2019 and Silvergate started trading on the stock exchange. By 2020 Silvergate had more than tripled their customer base including 40 plus exchanges. At the peak of the Bull Cycle in 2021, the SEN network completed over 1 trillion dollars in transfers, and their stock went parabolic. When the bull run was over the first signs of danger started to appear as the price of Bitcoin started plummeting. Microstrategy had borrowed 200 million dollars from Silvergate who were using BTC as collateral.

Alameda had an account with Silvergate since 2013. It was alleged that FTX used this account to move customer funds.

Just previous to the collapse of FTX, Silvergate CEO, Alan Lane stated there was no issue with Liquidity. After the FTX collapse it was mentioned that FTX was responsible for less than 10% of deposits on SIlvergate but with no mention of Alameda.

December 2022 coindesk reported SIlvergate Faces Class Action Lawsuit over FTX and Alameda Dealings.
Did Silvergate know exactly what Sam Bankman Fried and FTX were doing?
By January 2023, Silvergate had sold off assets at a loss, and cut staff to cover 8 point one billion in withdrawals.
In Feb 2023 The department of justice started an investigation into SIlvergate and their stock plummeted further, and in March 2023 Silvergate announced it was delaying its annual report, and was facing several investigations.

The big companies mentioned who were involved with Silvergate, had already started to jump ship. It wasn't long until Silvergate shut down its SEN network.
On March 08, SIlvergate Capital Corporation Announced their Intent to wind down it's operations and go into voluntary Liquidation.

Silvergate was the only network available with 24/7 banking for crypto and Fiat. The other major bank that Silvergates crypto companies jumped ship to is Signature bank. Which leads to another problem for the crypto industry. As well as not offering 24/7 banking, SIgnature Bank had already backed away from crypto announcing back in December that is was to cut crypto deposits by as much as $10 billion, which was basically 50%. Signature had already limited some major players in the crypto exchange field including Binance, Limiting their USD transactions in January. Signature have also since forced Kraken to move away, by imposing the same limitations. What happens next? If signature fail to provide the adequate services major exchanges need? Or if anti crypto regulators decide this is a green light to attack, and go after Signature bank, and any remaining crypto banks, this would have even more serious effects on the crypto market as a whole.
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